Visa, Mastercard, Discover and American Express consumer, small business and commercial credit, debit and prepaid cards issued in the U.S., in addition to payments settled through Visa Direct and Mastercard Send, generated $1.859 trillion in payment volume in the first quarter of 2021 (January 1 through March 31), up 14.1% from the same period in 2020, according to Nilson Report.
Purchase volume on credit cards of $944.06 billion grew 0.8%. Credit card cash volume generated by balance transfers as well as at ATMs, over the counter at bank branches and from paper checks was $16.84 billion, a decline of 42.0%.
Discover credit cards generated $37.74 billion in purchase volume, an increase of 11.1%. Visa credit card purchase volume was $500.47 billion, an increase of 1.6%. Purchase volume on Mastercard credit cards was $219.90 billion, up 1.4%. American Express purchase volume was $185.95 billion, down 3.7%.
Cash advances accounted for 1.75% of total credit card volume, a drop from 3.00% in the first quarter of 2020.
Total debit card volume—combined purchase and cash volume on Visa and Mastercard debit and prepaid cards plus Visa Direct and Mastercard Send volume—reached $915.21 billion, up 32.0%. Visa payment volume on debit and prepaid cards increased 33.9%. Mastercard debit and prepaid card payment volume grew 27.4%.
When comparing all purchase transactions at merchants, credit cards accounted for 35.49%, a drop from 39.00% in the first quarter of 2020.
Visa cards accounted for 55.44% of all credit card transactions. However, Visa’s market share fell by 64 basis points from a year earlier. The market share of Mastercard credit card purchase transactions was 23.30%, up 5 basis points. American Express had a 14.71% share, up 15 basis points. Discover had a 6.54% share, up 46 basis points.
Visa’s share of debit card purchase transactions was 71.02%, up 54 basis points from 70.48%. Mastercard’s share was 28.98%, down 54 basis points from 29.52% the prior year.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
